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Cable Update (GBPUSD)

  • #295,001
  • Edited 10:52am Dec 18, 2011 10:16am | Edited 10:52am
Quoting jmtini
I would look for 1.6000 (double bottom)- and "W" formation looks a possibility on daily chart. However if I'm wrong and we break 5400 then it's down to 1.4500

However in these thin markets before christmas, I see further retracement. All IMHO of course!
Lets see what happen . Double bottom , double top all in place now , If take hs then both shoulders also with neck tested & now test the neck for validation & break or if fail then bounce enough. w again a bear set up last up now or up next time should be to D turning point & so bear should be again & again till failure IF only , solid attempts likely .projection goes to 360 pips below 5415 , breaks weekly tl 5100 by 2 weeks . validation & hold/ after pullback below 5400 preferable before that trade though .
I do care mostly shorts & no long . handle with care all .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,002
  • Dec 18, 2011 1:18pm Dec 18, 2011 1:18pm
1.5665 with a possible run to 1.5690 this week.
entry - 1.29250 s/l 200 pips
  • #295,003
  • Edited 1:40pm Dec 18, 2011 1:28pm | Edited 1:40pm
Quoting normfx
1.5665 with a possible run to 1.5690 this week.
so 73 to 98 pips possible profit @ 250 pips loss ? seems not too odd ? better not do while suspecious while 250 pips more possible , wait the 73-98 pips run to short for 250+98 then .
anyway depends upon who does . ok , may be for him not me .

fontu
---------
good not bad idea to identify who is who , will look for the reply any to act myself also in counter . was looking for from begining to know & not satisfied FF steath mode about .
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #295,004
  • Dec 18, 2011 1:32pm Dec 18, 2011 1:32pm
Quoting normfx
1.5665 with a possible run to 1.5690 this week.
Going long at strong resistance and 50 percent retrace?? Are you trying to deceive some newbie? Like Fontu said, best to target your 250 SL.
Come with me if you want to live....
  • #295,005
  • Dec 18, 2011 1:43pm Dec 18, 2011 1:43pm
Quoting normfx
1.5665 with a possible run to 1.5690 this week.
I may have misinterpreted your post. Did you mean you have a pending long at 5592, or you are long now (or at market open) and targeting 5592? I am thinking of a speculative long at market open since my TL tell me we have a few more pips to climb.
Come with me if you want to live....
  • #295,006
  • Dec 18, 2011 1:45pm Dec 18, 2011 1:45pm
Quoting Ill-b-back
I may have misinterpreted your post. Did you mean you have a pending long at 5592, or you are long now (or at market open) and targeting 5592? I am thinking of a speculative long at market open since my TL tell me we have a few more pips to climb.
But the market is overwhelmingly bearish in my view.
Come with me if you want to live....
  • #295,007
  • Dec 18, 2011 2:19pm Dec 18, 2011 2:19pm
Attached Image (click to enlarge)
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some trendlines
  • #295,008
  • Dec 18, 2011 2:41pm Dec 18, 2011 2:41pm
Attached Image (click to enlarge)
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http://www.nobrainertrades.com/stuff...inertrades-com


before anyone asks, QM explanation above


very subtle
  • #295,009
  • Dec 18, 2011 2:54pm Dec 18, 2011 2:54pm
Final posts before heading to hospital to have our first baby.
Good bullish action off 1 hr trendline. At some possible brief resistance now. I see a good entry point at 5507 at recent dogi support, heading for 5590 before a good chance of a decline off the junction with 4 hr trendline and 50% retrace.
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #295,010
  • Dec 18, 2011 3:21pm Dec 18, 2011 3:21pm
GU - H1
Attached Image (click to enlarge)
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  • #295,011
  • Dec 18, 2011 3:31pm Dec 18, 2011 3:31pm
Quoting fontu
so 73 to 98 pips possible profit @ 250 pips loss ? seems not too odd ? better not do while suspecious while 250 pips more possible , wait the 73-98 pips run to short for 250+98 then .
anyway depends upon who does . ok , may be for him not me .

fontu
---------
good not bad idea to identify who is who , will look for the reply any to act myself also in counter . was looking for from begining to know & not satisfied FF steath mode about .

I guess you iknow best.
entry - 1.29250 s/l 200 pips
  • #295,012
  • Edited 3:48pm Dec 18, 2011 3:35pm | Edited 3:48pm
Quoting Ill-b-back
Going long at strong resistance and 50 percent retrace?? Are you trying to deceive some newbie? Like Fontu said, best to target your 250 SL.
I don't do support and resistance trading..the majority do and they all lose..I placed one trade at the number in my signature..then I added another long trade at 1.5480. My target is 1.5656 with a trailing stop near that price to 1.5690. Btw - if you use small stops you are a guaranteed loser..the random prices movements will eat you alive. Oh, and ALL ea's that are designed using back testing will fail over time..guaranteed. You have a lot to learn grasshopper.
entry - 1.29250 s/l 200 pips
  • #295,013
  • Dec 18, 2011 3:48pm Dec 18, 2011 3:48pm
Quoting normfx
I don't do support and resistance trading..the majority do and they all lose..I placed one trade at the number in my signature..then I added another long trade at 1.5480. My target is 1.5656 with a trailing stop near that price to 1.5690. Btw - if you use small stops you are a guaranteed loser..the random prices movements will eat you alive. Oh, and ALL ea's that are designed using back testing will fail over time..guaranteed.
.
Come with me if you want to live....
  • #295,014
  • Dec 18, 2011 3:50pm Dec 18, 2011 3:50pm
Quoting normfx
I don't do support and resistance trading..the majority do and they all lose..I placed one trade at the number in my signature..then I added another long trade at 1.5480. My target is 1.5656 with a trailing stop near that price to 1.5690. Btw - if you use small stops you are a guaranteed loser..the random prices movements will eat you alive. Oh, and ALL ea's that are designed using back testing will fail over time..guaranteed. You have a lot to learn grasshopper.
how do you know what majority does and if tey lose or not can you see all of our accounts?

sr is used to structure price if dont you respect them you dont respect your account simple as that.
  • #295,015
  • Dec 18, 2011 3:53pm Dec 18, 2011 3:53pm
Did you delete the gambling comment? No gambling my friend, results speak for themselves
Come with me if you want to live....
  • #295,016
  • Dec 18, 2011 3:53pm Dec 18, 2011 3:53pm
scalpers use small sls all day are they born to lose? Ive used 15 pip sls to target 300 before is that lucky?
  • #295,017
  • Dec 18, 2011 3:55pm Dec 18, 2011 3:55pm
nothing is random everything made by man has purpose. If you can achieve randomness you will win a nobel prize
  • #295,018
  • Dec 18, 2011 3:58pm Dec 18, 2011 3:58pm
Gbp usd up or down for next week?
  • #295,019
  • Dec 18, 2011 4:08pm Dec 18, 2011 4:08pm
Quoting sidhujag
If you can achieve randomness you will win a nobel prize
Haha, that is one of the best things I have read on this forum yet.
  • #295,020
  • Dec 18, 2011 4:14pm Dec 18, 2011 4:14pm
I did not mean to quote the above message (parts of it make sense). Just the gambling one you deleted.
Come with me if you want to live....
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